Aug 8 (Reuters) - The S&P 500 was set to open at a record high on Monday after Friday’s stellar jobs data suggested strength in the U.S. economy, boosting appetite for risk.

Futures were also helped by a 1.8 percent rise in oil prices on reports of renewed talks by some OPEC members to restrain output.

The S&P 500 index and the Nasdaq closed at record highs on Friday after data showed that the U.S. economy added 255,000 jobs in July, way more than 180,000 that analysts had estimated.

Gold, a safe haven asset, fell to a one-week low on Monday, while the Japanese yen remained weak suggesting that the markets were in a risk-on mode.

“We’re coming off a strong session on the back of solid economic data that the markets needed to justify additional exposure to equities,” said Andre Bakhos, managing director at Janlyn Capital in Bernardsville, New Jersey.

“There is ample evidence that equities are the only game in town right now.”